Confirmed in the June 2010 Emergency Budget, Infrastructure UK (IUK) has a remit to provide a stronger focus on the UK’s long-term infrastructure priorities and meet the challenge of facilitating significant private sector investment over the longer term. Some £200 billion of investment is planned over the next five years, across the economic infrastructure sectors (energy, transport, waste, flood, science, water and telecoms), of which the majority will need to come from the private sector.
IUK’s core remit is:
- To provide greater clarity and coordination over the planning, prioritisation and enabling of investment in UK infrastructure; and
- To improve delivery of UK infrastructure through achieving greater value for money.
IUK has been set up as a separate unit within HM Treasury, providing advice to the Commercial Secretary to the Treasury who leads on infrastructure issues and who reports to the Chancellor of the Exchequer.
Read more about IUK
For more information please email: email@example.com.
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